DiamondRock Hospitality Shares Edge Lower With Investors Watching DRH Metric
DiamondRock Hospitality shares fell 1.61% to $10.99 Friday, trailing the S&P 500 and other hotel REITs. The stock still gained 2.6% for the week after Truist raised its price target to $12. DiamondRock sold a Manhattan hotel leasehold for $33 million and authorized a $300 million buyback. U.S. hotel RevPAR rose 4.6% for the week ending May 23, according to STR.